Forum Energy Technologies, Inc. Announces Executive Management Changes
01 July 2020 - 7:01AM
Business Wire
Forum Energy Technologies, Inc. (NYSE: FET) (the “Company”)
announced today that, as part of its continuing cost reduction
plan, the corporate executive team will be reduced and reorganized.
Changes to the executive team will be effective July 10, 2020 and
are as follows:
- D. Lyle Williams, Jr. will be the Executive Vice President and
Chief Financial Officer. Mr. Williams joined Forum in 2007 after
previously working for Cameron International. He most recently
served as Forum’s Senior Vice President, Operations, overseeing the
Drilling, Subsea, Production Equipment and Valve Solutions product
lines. Lyle also previously held several senior financial and
operating roles across Forum. Lyle, 50, has a bachelor’s degree
from Rice University and an MBA from Harvard Business School.
- Neal Lux will be the Executive Vice President, Operations with
oversight of all Forum operating segments. Mr. Lux joined Forum in
2017 following its acquisition of the Global Tubing joint venture.
Prior to that, he served as President of Global Tubing during
Forum’s initial investment in 2013. Most recently, Neal served as
Forum’s Senior Vice President, Operations, leading the Completions
segment and Downhole product line. Neal began his career with
PriceWaterhouseCoopers, and worked for Maverick Tube and Tenaris.
Neal, 44, has an engineering degree from Purdue University.
Lyle and Neal will report to C. Christopher (Cris) Gaut, Forum’s
Chairman and Chief Executive Officer, as will John C. Ivascu,
Executive Vice President, General Counsel, Chief Compliance Officer
and Corporate Secretary; Michael D. Danford, Senior Vice President
and Chief Human Resources Officer; and Neil Brent, Vice President
of Internal Audit.
Forum also announced that Pablo G. Mercado, Forum’s Senior Vice
President and Chief Financial Officer, is resigning from Forum to
pursue other opportunities. Cris Gaut commented, “We are sorry to
see Pablo leave us. He has done an outstanding job for Forum since
joining us in 2011. We wish Pablo great success in his future
endeavors.”
Forum Energy Technologies is a global oilfield products company,
serving the drilling, downhole, subsea, completions and production
sectors of the oil and natural gas industry. The Company’s products
include highly engineered capital equipment as well as products
that are consumed in the drilling, well construction, production
and transportation of oil and natural gas. Forum is headquartered
in Houston, TX with manufacturing and distribution facilities
strategically located around the globe. For more information,
please visit www.f-e-t.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200630006035/en/
Lyle Williams 713-351-7920 Lyle.Williams@f-e-t.com
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